● If you are found 100 per cent at-fault for an accident : If you have collision coverage , repairs to your vehicle will be paid through this coverage , subject to your deductible . If you don ’ t have collision coverage , you will have to cover any costs for damage to your own vehicle out of pocket .
● If you are found fifty per cent at-fault : If you have collision coverage , fifty per cent of the vehicle repairs will be paid through your DCPD coverage , and fifty per cent of the damages will be paid through your collision coverage . You will be responsible for fifty per cent of your collision deductible .
How Will This Affect My Premium ?
The expectation of this legislative change is that it will assist in steadying insurance premiums in the long run by aligning them with the costs associated with repairs for a vehicle . Generally , owners of less expensive vehicles that cost less to repair will end up paying less for their insurance . Similarly , owners of more expensive vehicles that cost more to repair may pay more .
Approximately fifty-five per cent of all policyholders will see either no change or a reduction in premium due to this update . The graphic on page 48 outlines the expected premium effect for all automobile insurance holders in Alberta .
Get the Help You Need
A qualified broker will answer any questions that you may have about the introduction of DCPD coverage and your insurance .
2022 Scholarship Information
These scholarships recognize academic achievement , community involvement , and volunteer work . Future goals , personal accomplishments , and supporting letters of reference are also significant in selecting the scholarship recipients .
ARTA – TW INSURANCE DEGREE SCHOLARSHIPS Through ARTA , TW Insurance Brokers provides scholarships for undergraduate students registered in a degree program who are related to an ARTA member .
Degree Scholarships ( up to two each to be awarded )
• $ 5,000
• $ 3,000
• $ 2,000
ARTA CERTIFICATE / DIPLOMA SCHOLARSHIPS Through ARTA ’ s generosity , scholarships are provided to students in a certificate or diploma program of two or more years at an accredited post‐secondary institution and who are related to an ARTA member .
Certificate / Diploma Scholarships ( up to two each to be awarded )
• $ 5,000
• $ 3,000
• $ 2,000
DEADLINE
July 31 , 2022
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